Jack Kingston: “back in April 24 when the House Republicans passed Financial Accountability we had three main points to it. Number one…”

“back in April 24 when the House Republicans passed Financial Accountability we had three main points to it. Number one, disclosure of facts. Disclosure of facts to employees, to shareholders, to anyone who may have something at stake that there are some problems, so that people can make intelligently investment decisions. Number two, if you break the law you are going to jail. We have laws against robbing banks, but people still rob banks, but when they do we put them in jail. There is no difference when you steal somebody's pension plan, you are stealing money. You ought to go to jail. You do not have the guts of somebody who would grab a purse and do it in person. You do it behind the cloak of corporate secrecy, behind the cloak of some accounting firm that you are in cahoots with. But if you are caught, you are going to jail. Number three, if you are the CEO of some big corporation and you have done this, you do not get to retire in your mansion. You do not get to go off to your mountain home. In fact, you get to be a guest of the government inside a penitentiary. That is what we are after. Let me say this: We need to bring the ethics of Main Street to Wall Street. It is time to have corporate accountability and pass a Republican plan.”